Annie and Sam were married for 20 years when Annie met and fell madly in love with Armando. Annie is currently in
the process of divorcing Sam so that she can quickly marry her new love. Which is not proper advice for Annie?
a. Annie should make an effort to discover forgotten or hidden assets prior to the finalization ofthe divorce.
b. Annie should make a letter of intent identifying all of the important information thatArmando should know about her before beginning their future together.
c. Annie should change the beneficiary designations on her qualified retirement accounts andIRAs.
d. Annie should follow through on paperwork to change the titling of assets prior to the financialsettlement.
Which is/are financial planning recommendations for individuals diagnosed with aterminal illness?
1. Prepare or update estate documents such as the will, power of attorney, and advance medical
2. Review funeral and burial arrangements.
3. Inform the executor of accounts, account access, online accounts and passwords, in accordance
with the state's Fiduciary Access to Digital Accounts law.
a. 1 only.
b. 1 and 2.
c. 2 and 3.
d. 1, 2, and 3.